|
• ... ��r +r�tTr��+�I�T�'
<br /> •\ /F✓1f�.�wif•V.1
<br /> .•,�7. .b,�..�'�,�r.e.�4..�.�;i
<br /> ��.'ti1� _ . . . . . . .. :; i ,r, __ ... .__
<br /> .. "}"' „ �� =
<br /> �1 � 1 �,� yln ' ' .. _ —__
<br /> � ~ -1:�i�tc.4� i � .1 �•tuJ�4}��'K�I���..�.�li x�..�_�'���.�w.,��'�R+�Y' _
<br /> .,,� - — -
<br />.. w�i�.w�...A..,.�,.. _.�—._.
<br />."�+a� '^--^---_. _ _._ . .
<br />,.w�
<br /> 7. ProucUon ot L�nd�r'� Rlphb In th� P�op�rty. u eorrowK h�. co �rrorm «. cav.n�nc• .nd .a«ms�+u
<br /> contain�d in ihK S�curUY InstrumMtl,o�th�r� f1 11 Np�l procMdhp that rru�y ifpnM�C�ntN��1 L�^��ripht� In tlw Prop�rly (suCh a�
<br /> =`�� � procMdinp N b�u+kruptcy, probal�,for cand�mn�tbn or farbNur�or to �nlorc�ww� or rpuhtbn�), Ih�n UntNr m�y do�nd MY ror �
<br />__-�4 wh�twK is mlc�fuuy to prot�ot tM valW ol ih� PrOpMY Md ��� riphls In th�„o�; �Q ,�on116M��MOn►�y I hM u�td �
<br />--�" �ny suma ��cund by � N�r► whbh has prbrity owr thk 3�CUrky In�trum�nt, appN�rhp
<br />.__y��
<br /> �ntwlnp on 11+�Propwty to mNc�r�ks, Akhou�h Und�r rrwy tak�actbn unda lhM pu�praph 7, L�ndK doN not haw to do to. �
<br />�!'� My amount� dkburad by l.�ntiK undrr thW pu�pnph 7 �haN b�cortM �ddNbnal d�bt of Bonovwr saund by ►hk S�curNy
<br /> Inttrum�nt. UnM�s Bortow�r �nd L�nda �pn� to oth�r t�m� o� MY�t, th� �mou�ta �h�M bw hbnat kom th� dat� of �
<br /> ��� dhbur�ement el ths Nob rat�and ihaN M pay�bN,wNh Int�nit,upon notfc�from L�nd�r to Bonow�r r�quNtiny P�Ym�nt, W
<br /> a, Martqay� InsuranaQ. If UndK nquind mortp�q� „wruic��s �condibn ol rrwkinp 11w ban s0�:�fod by thfs 3eCUtNy � �
<br /> � Intirumw►t, BorcowK �h�N p�y th�pnmlums nqufnd to rrwlntain lha mortp�p� Intunnc� h NNCt. If, for�ny rMfon, lM morlplq� �
<br /> In�ur�nc� oovK�p� nquk�d by L�ndK ypa�s or cMS�s to l» h�M�ol, BoROw�r �h�M p�y th�Ft�mwms nquPW to obf�ln covKap� w
<br /> supst�ntlwly�qulv�Nnt lo th� mortp�ys Intunnc� prwb�sly fn Nhot,st�cost wbstu�iMlly �qutiaMn►to Ih� cott to Bortow�r of th�
<br /> mortflay� insuranc� pravbuay „ �fl�ct, hom an NtMn�to mo�tpap� Inaunr �pprowd by Lend�r. If wb�t�ntl�Ny �qulwiMet mor1DIW�
<br /> ��� hsurancs covw�p� Is not wvellabN, BortowK ah�N pay to L�nd�r wch month a sum �qud to oru�twNAh of th� yw►� morlWOe
<br /> _ � fnsuranc� pr«nlum bahp pald by Borrower whM th� kisuranc�cowr� Mips�d or Cwt�d to W In NUct• I.�ndK WI1�ccM>�� uN�nd
<br />_-- nu►fn th�s� P�Ymwits u � bss r�iMw h liw of morty�p� Insuranc�. Lo�� nserw P+Ym�nts rtwY no bnp�r W nquwd� �1 lh�
<br /> � optbn of Under, M mortp�p� hsur�nc� cov+rap� (h th� amount �nd for the p�rbd th�t UndK nqulr�) Provld�d bY �tn hsunr
<br /> v�� aPProvW by L�nd�r �p�Mi b�com�s �wlkbN and Is obt�Y��d. BorrowK shaN p�y t h� pramlum� ro q ulnd to mafnaln moApW�
<br /> insuronca fn aNact, or to provkSa � bs� re�ww, untA th� nqufnrr�M�t for mortp�p� hturenC� �nd� h 1lccorduw� wNh �r►y wrkbn
<br />___- aprepn�nt bstween Borrower�nd Lander or appNc�bM kw.
<br /> 9. In�pectfon. Lsntlrr or Ns �pMt may r1�k� rNSOnebN mtrMs upon �nd hsp�Ctbn6 0l th� PropNty. Lendel sh�N plw
<br /> Rorrower nofice at the tfine of or prar to an inspectbn spocMyinp rsasonabk c�.uss tor the InspeCtbn.
<br /> � 10. Condemnadon. The proceeds af any awerd or clakn for damapss, dVrect or concoquontltl, h conrtectlon s:kh any
<br /> conWmnptbn or othw takfny of ony p�rt of th� Prop�rty,or for conwy�nc� In INu of cond�mn�tbn,u� hurby as�ipn�d�nd �hRN M
<br /> pald to Lender.
<br /> � In the evant of a toWl takfnp of the Propaty, the proceeds shall be Qpplkd to the cums securad by thk Securky InsWmm,
<br /> whether ur not then due, wkh any exc�es pak� to Borrow�r. In tha av�nt o1� parti�l Ukhy ot th�PropMty In whfch th�f�fr m�kot
<br /> valuo of th� F'roputy krwr�dlatob b�iors th� takinp k �qutl to or pnat�r than th� �mount ot th� sum� s�cund by thls S�curky
<br /> Instrum�nt YrwrNdl�t�y bNon th�t�Icinp� unMss BorrowK �nd Und�r oth�rwk� �pn� h wrM„q, the sums swund by thie S�curky
<br /> Inatrums�t �h�M b� rsduced by 1M amount of the prxe�da mukpY�d by th� folbwlnp haCtbn: (�) th� tot�l amount of tM sumt
<br /> secund irnn�dkt�y bMore th� t�khq, dNld�d by (b) tha hk rrMrkot v�lw of th� PropeAy Irtw►Ndiat�y bMon th� tikfny.MY b�M�
<br /> shall be p�id to BortowK. In th�w�nt of� partkl t�kfnfl of th� Prop�rty in whbh th�ht muk�t v�lu�of th� Prop�rty Mrn►MdybfY
<br /> — b�fon th�Ukinp k 1a�0 th�n th�Omount of th� sums NCUnd imm�dMt�ly l»�ot� th� Gikinp, unlas� BortowM and LM�dM otltwwlN
<br /> apree h wrRhp or unbss applbabb kw athsrwlae provides, ths prxesda shaW be �pplbd to th� sum� e�cund by this S�curlty
<br /> Instrurtis�t whether or not tna suma Qre inon ouu.
<br /> It the Property Is abandon�d Oy Bortower, or ff,akw notice by LancNr to Borcower th�t th�cond��or o�Nn to m�k�an �wvd c►
<br /> settW a. cwim for darnayes, Borrower fails to respond to Landar wkhfn 30 day6 �R�r th� dat� th� not�� b pMn, I.wtd�r fs authorla�d
<br /> to coNect ond apply the proceeds,at Rs opibn, skher to rastontbn or repak of th�PropKty or to th� aums i�cund by thM S�CUrky
<br /> Instrument,whether or not then duo.
<br /> Unlesc Lendar and Borcower otherwfse apres h wrkh',1a�2P��Cth��h unou t�of suchap�r'ym�ntst��d or postpoM d►�
<br /> due dats ol th�monthy paymsnta rshrc�d to In pu�prap
<br /> 11, Borrower Not Releaed: Forbe�rence By Lender Not a Walver. �msion ot ch� t� tor payrn�nt a
<br /> modilicatbn of�mortlutbn of the sums secursd by thfs S�curky InsWment pr�nted by UndYr to any�ucc�6sor in Int�rMt of Bortow�r
<br /> shaN not operate to nl�ase the Ii�bUky of ths oripfnal Bortoww or Borroww's bucc�caon In htKest L�ndK shal�ot ba r�quhd to
<br /> comm�nc�procwdinps ap�imt �ny suecesaor In fnt�rset or rolu:� to at�nd tkn� fa paYm�nt or othMwlN modW�enatlstbn of th�
<br /> sums secured by this SecurAy Inetrumer►t by re�son of any dam�nd mads by the orlpMal BoROVrK or BorrowM's wCCKfo� �
<br /> hterest. MY forbwrance by Lender h ezercisin0 anY ripht or rernedy shaN not be a waNer of or prlclud�th��xMCIN ol�nY r�p�t a
<br /> � rernedY.
<br /> 12. Succeswra and A�siyns Bound; Joint and Several Liabtlity; Co-sl�ners. rn. coven.nn .nd
<br /> apreements o7 thfs Securily Instrument shall bind and benefit the successors end assipns ot Lender �nd BorrowK� wbJeet to tM
<br /> provisbns of parayraph 17• 8onowers covenants and aproartNnts sh�A bo Jolnt and sawral. My BorrowK who co-s�� h«��
<br /> Instrume�t but dosa not axeculo th� Note: (a) fs co•afpnln0 thls Sscurity Inatrument ony to mortp�0�� ��
<br /> T �� Borcower's hterast In the Property under the terms of thfs Sacurdy Insuumant; (b) fs not persona�Fy obNp�ud to p�y tt»�umz acund
<br /> by lhfs S�curky Instrumwnt; �nd(C) aproaa th1�t Lander and �ny othar Bortowsr rrwy �yrM to �d, modMy. krbMr or rr�lC� �nY
<br /> °���-- accanmod�lbns wkh ropud to t�rms ol thfs Securky Inatrum�nt or th�Not�wkhout that BortowK'�consmt.
<br /> 13. Loan Cherye�. If Ihs b�n s�cured by this SsCUrity Instrumsnt fs subJsCt to o law whfCh a�te maxhwm b<n Ch�rGM�
<br /> and that aw Is finaMY hbrpnted so that tho fnterost or other k�an charpas collectad or to ba coMctsd In Conn�ctbn wkh tM lo�n
<br /> - exceed the purmktad wnRs, then;(a) u�Y such ban ch�rpss shall be nduc�d by ths amount n�casary to nduc� th�charp� to th�
<br />�T:�`:=� permkted��� ���(b)�ny sums�Mwdy coNectYd kum 00rrower whbn oxc�edsd P�kt�d �knka N'w b°rMu�cMd io Bortow�►• LM1d�r
<br /> ti,�� may choosa to make thfs rofund by roduc�p the principal owed under the Note or by makfnp a direct plyrrMnt to Borcoww. �f �
<br />,:;;�a�� rotund reduces principel, the reduetian wlil 6e treeted es a partial prepnyment without any prapaymint ch�rp�und�r th�Not�.
<br /> � 14. NOtiCE6. Any notfce lo Borrower provided lor in thfs Security Instrument shell be piven by deli�reriny k or by maWnp k by
<br />::x'�:.i IKSt class rnall unless applicnble law requYes use of anothsr method. The notfce shnll be dkscied to tho PropMty Adtlnss or any
<br /> other address 9orcower desfpnetes by notice to Lender. Any notfce to Lender shaM ba piven by list c�sa maY to L�nd�'s addhts
<br /> steted heren or any other eddress Lender des�pnates by notfca to Borcower. Any not�C� provided for fn thb 5�curicy In6trum�nt shaM
<br /> be deerned to hqva been ONen lo Borcower or Lender when ghren ns provided h thla paraflrrph.
<br /> • 15.Governing Law; SEVEI'ablllty. Thfs Secur'ity Instrument shaN be qovemed by lad�tll 4w �nd th9 Ilw of the
<br /> jurisdictbn fn which the Property ts located. In tha wrent that any provlsbn or cl�uss ol thb Security Imtrurtwnt or th�Noh confNcls
<br /> with applcabfe law, such confikt shaN nol aflect other provisbns of thfs Securily Instrument or the Nots whiCh crn b� pN�n Mf�ct
<br />-- wlthout the conflictinp provfsbn. To thfs end the provkbns ol thfs Security Instrument end the Note ara decrred to be severWla.
<br /> ..M,..,.,.�....,,,,nf fha Nom and ot this SacuritY Instrum�nt.
<br /> �� �6. 6orrowera e.opy. t�arrowur an�i:`vo Y:a������•••,•••..••� --�• -' - -
<br /> • � � 17.Transier of the Property or a Beneticlsl Intereat In Borrower. I} ill Or any pa�t of the PropNty or u1y
<br />� interest � k �s sold or transler�ed (or if a benefb{al interest fn Borrower Is sold or transfertod and Bortowsr is not �natunl person)
<br /> without Lenders prior written consent,Lender may, et its optbn, reyulre immedlate payment h lull of all sums secured 6y this Security
<br /> Inslniment. However,lhis optbn shall not be exercked by Lender if exercise fs prohibRed by fedenl Inw as o1 th�date of thfs S�CUrity
<br /> Inslrument.
<br /> If Lender exerClses thfs opl'an, Lender shall qNe Bonower notice af acCeleretbn, The notbe ShaN provfde� perbd ot�ot less
<br /> then 30 days trom the date the n�tke Is deNvured or malled withh which lhe Borcower must pay uN sums secured by t��Sac�y
<br /> ' tnstrument. If Borrower fa��s to pey these sums prior to the expketbn of thfs period, Lender inaY h�ake�ny remedles perm Y
<br /> Security In,trument wdhout furtner notke or demand on Oorrower. Fo�m ao2e o�oa
<br /> F�o7e Lti10(toln7� Pag��ol 5
<br /> E57P/0�6701
<br />
|